July 2016 Archives

New Jersey consumers who are contemplating filing for bankruptcy may not be aware of the federally mandated means test that has to be completed as the first step in the process. Many people are unsure about whether to file for Chapter 7 or Chapter 13 bankruptcy, but this not the choice of the debtor. The results of the means test will determine for which Chapter the person qualifies.

On behalf of Goldman & Beslow, LLC posted in Foreclosure on Tuesday, July 26, 2016.

When times are hard and debts have become overwhelming, New Jersey homeowners may want to explore the available options. The primary effort for many will likely be to prevent foreclosure. Those with concerns may learn that personal bankruptcy can stop foreclosures, but choosing the most suitable option may require professional advice and guidance.

It has been reported that the average American family pays $2,000 in credit card debt interest every year. This is an indication of the level of debts carried by families nationwide, including in New Jersey. There will never be a shortage of advice on eliminating credit card debt, but professionals suggest two options that are said to be most effective.

Some consumers in New Jersey may struggle to manage their credit cards merely because they do not understand the terms used for the different charges. Cards may be subject to charges of which the owner may not even be aware. To effectively manage credit card debt, a knowledge of how it works may prevent getting deeper into debt.

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